Stock futures rose on Wednesday morning amid hopes of a resolution of the U.S.-Iran war. Futures on the Nasdaq 100 (NDX), the S&P 500 Index (SPX), and the Dow Jones Industrial Average (DJIA) were up 1.09%, 0.80%, and 0.74%, respectively, at 8:21 a.m. EDT on April 1.
Claim 55% Off TipRanks
Trade QQQ with leverageLate Tuesday, President Donald Trump told reporters at the White House that U.S. troops could withdraw from Iran in two to three weeks. Furthermore, an unconfirmed report suggested Iranian President Masoud Pezeshkian is open to ending the war with sufficient guarantees.
Oil prices traded lower today. Specifically, the international oil benchmark Brent (CM:BZ) was down 2.17% to trade at $107.12 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) fell 2.73% to $98.61 per barrel.
During Tuesday’s regular trading, the three major indexes closed higher, recording their best daily gains since May 2025 on hopes of a resolution of the U.S.-Iran conflict. The Dow Jones surged 2.49%, while the S&P 500 and the Nasdaq soared 2.91% and 3.83%, respectively.
Meanwhile, Nike (NKE) stock plunged more than 11% in Wednesday’s pre-market trading after the athletic apparel and footwear company issued a dismal sales outlook due to persistent weakness in China. Several analysts downgraded their ratings for NKE stock. In contrast, NCino (NCNO) stock rallied more than 23% after the cloud-based software company issued an impressive first-quarter revenue outlook.